Sell with Confidence
Read More
News

Bi Monthly Market Update | Profits and dividends drive the ASX higher and higher…

By Katy O'Shea

Profits and dividends drive the ASX higher and higher…

  • Last night the US Senate passed the $750 billion Infrastructure package which will add further stimulus to the US economy.
  • Lockdowns have caused business confidence to plunge across Australia, confidence remains the highest in WA.
  • Whilst consumer confidence is expected to fall, with fast-rising vaccination rates most economists feel we will avoid a second quarter of negative GDP growth (and therefore a recession).
  • Reporting season is showing strong profit and dividend growth driving equity markets higher. The S&P ASX – 200 has recorded new highs and closed trading a little down at 7,584.3.
  • The Aussie dollar is now at $US .733 and some are forecasting a fall below $US .70 which will be very welcome news for our exporters.
  • For a bit of fun here are two places I’ve been told to research and get to next holidays – Dales Gorge in Karijini National Park and Queenstown in NZ.
  • The number of properties listed for sale in Perth continues to fall – now at 8,363. If equilibrium in the market is around 12,000, clearly we are in a seller’s market.
  • Call me to find out what all these market factors mean to the value of your home.

Authored by Jody Fewster

Please call 0414 688 988 if I can provide you with a current market appraisal and detailed marketing plan for your home or investment property.
Up to Date

Latest News

  • We are so lucky to live here…

    US consumer prices rose 3.1% in the year through January cooling less than had been expected. The S&P 500 was above 5,000 for the first time on Monday putting it into “nosebleed territory” but has since come off after that hotter than expected inflation figure, which has clouded rate cut expectations. … Read more

    Read Full Post